Archive for May 7th, 2008
Stocks Drop on Disappointing Earnings
Stocks Drop on Disappointing Earnings
NEW YORK — The stock market fell Tuesday for a second straight session after government-sponsored mortgage company Fannie Mae, homebuilder D.R. Horton Inc. and Swiss bank UBS reported quarterly losses. A new record for crude oil […]
Clearwire, Sprint Nextel to Form $14.55B Company
Clearwire, Sprint Nextel to Form $14.55B Company
NEW YORK — Clearwire and Sprint Nextel will combine their wireless broadband units to create a $14.55 billion communications company.
The new company, to be named Clearwire, will receive a $3.2 billion investment […]
Cable Crumbles to 11 Week Low as Industrial Production Contracts - BoE Cut Coming?
Cable Crumbles to 11 Week Low as Industrial Production Contracts - BoE Cut Coming?
Talking Points
Japanese Yen: Above 105.00 as equities firmEuro: EZ Retail Sales slip -0.4%Pound: IP craters sending cable lowerUS Dollar: Non-Farm Productivity on tap
UK Industrial Production missed badly printing at -0.5% versus forecasts of just a small decline of -0.1%. The much worse […]